TD Cowen Forecasts Strong Price Appreciation for Amer Sports (NYSE:AS) Stock

Amer Sports (NYSE:AS) had its price objective boosted by TD Cowen from $29.00 to $33.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

AS has been the topic of several other reports. Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Evercore ISI raised their price target on shares of Amer Sports from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of Amer Sports from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. HSBC downgraded shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Monday, December 16th. Finally, Wells Fargo & Company lifted their target price on shares of Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amer Sports has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Amer Sports Trading Up 2.8 %

Shares of Amer Sports stock opened at $30.56 on Wednesday. The business has a 50 day moving average price of $24.85 and a 200 day moving average price of $17.86. The company has a market capitalization of $16.70 billion and a P/E ratio of -218.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports has a 1 year low of $10.11 and a 1 year high of $31.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AS. JPMorgan Chase & Co. acquired a new stake in shares of Amer Sports in the third quarter valued at about $25,000. GAMMA Investing LLC lifted its position in shares of Amer Sports by 61.8% in the 4th quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock worth $54,000 after buying an additional 742 shares during the last quarter. Signaturefd LLC bought a new position in shares of Amer Sports during the third quarter valued at approximately $49,000. Quarry LP acquired a new stake in Amer Sports in the third quarter worth $61,000. Finally, CWM LLC bought a new stake in Amer Sports in the 3rd quarter valued at about $73,000. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.